PACVD-Based Coatings Market Size and Growth Rate:
According to our research report, the PACVD-Based Coatings Market Size was capitalized at USD XX Million in 2018. The PACVD-Based Coatings Market is expected to exceed USD XX million by 2023 and grow at a compound annual rate of XX% from 2018 to 2023.
PACVD technology is used to deposit thin layers of materials over substrates in various end-use industries to modify and improve the properties of the substrate. This growth is mainly driven by the growing application sectors, especially involving industrial, automotive, aerospace, electronics and medical devices amongst others. Asia-Pacific is expected to witness a strong growth rate for PACVD-based coatings over the forecast period, fuelled by increasing investments in manufacturing, energy & power and various other end-users.
PACVD-Based Coatings Market Growth Drivers and Restraints:
The increased consumer demand in emerging countries in Europe, Asia-Pacific, Middle-East & Africa and South America for extending the longevity of end-use products using metallic coatings and for various surface-related properties such as magnetic, optical, electronic, and catalytic as well as the shifting consumer preference towards modern, durable, and reliable electronic gadgets have led to increased usage of PACVD equipment and services. Such coatings have numerous use in several operations including chemical, optical and mechanical operations in various industrial manufacturing processes. Moreover, these regions are becoming hubs for electronics manufacturing, aerospace & automotive production and medical device manufacturing, which are the major consumers of PACVD-based coatings. Government’s initiatives towards cleaner energy, which is driving the solar energy market, will also attract the PACVD technology based market. Strict regulations over the usage of Cr6 in the electroplating technology and rapid growth in the solar energy production are some of the important drivers for the growth of PACVD technology. Microelectronics is the largest application sector in the industry and the demand is anticipated to grow further, enjoying the majority share. Application of this technology for coating components of electronic devices such as integrated circuits, semiconductors, capacitors and resistors lead to enhanced product cycle. These characteristics of chemical vapor deposition coatings is expected to augment significant demand for this technology.
PACVD-Based Coatings Market Regional Analysis:
Asia Pacific is estimated to witness tremendous growth rate over the assessment period in the PACVD-based coatings market. The largest revenue segment is microelectronics and the largest coating market base resides in China. Other major industries driving the regional market are industrial sector, which includes manufacturing and energy & power industries. The well-established electronics manufacturing base in China, Japan, South Korea and Taiwan shall provide a continuous demand for PACVD-based coatings. In Asia-Pacific region, where environmental regulations are not strict, even there PACVD-based coatings are gaining popularity as governments become aware and more and more legal requirements surrounding coatings are implemented. Other countries that will drive the market are emerging nations such as India, Vietnam, Thailand, Malaysia, Indonesia and Philippines, which are witnessing a rapid economic growth and offer a lucrative opportunity for CVD technology licensors. Growing economies, rapid urbanization, burgeoning electronic products manufacturing ecosphere are supporting the growth of the regional market in Asia Pacific.
Some of the promising companies leading the PACVD-Based Coatings Market:
- Adeka Corporation
- IHI Corporation
- Applied Materials Inc.
- Veeco Instruments, Inc.
- Ulvac, Inc.
- Tokyo Electron Limited
- Plasma Therm LLC
- Kurt J Lesker Company
- Jusung Engineering Co. Ltd.
- Aixtron SE
This research report includes following segmentation for the PACVD-Based Coatings Market Size and forecast until 2023
PACVD-Based Coatings Market - By End-user
- Cutting Tools
- Medical Devices
PACVD-Based Coatings Market – By Geographical Segmentation
- South Korea
- ASEAN Countries
- Rest of Asia-Pacific
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Latin America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Reasons to Purchase PACVD-Based Coatings Market Report
- Identify the current and future prospects of the PACVD-Based Coatings Marketing the developed and emerging markets
- Analyze various perspectives of the market with the help of Porter’s five forces analysis
- Information about the growth of the various end-user industry that are expected to dominate the market
- Regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3 months analyst support, along with the Market Estimate sheet (in Excel)